September 2020

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Supply Chain: How to reduce piping inventory

Piping represents a significant part of the plant cost, ranging from 15%–25%.1 Materials stored in warehouses or storage facilities cost companies in terms of personnel, materials, time, space, insurance, risk, etc. This article proposes cost-saving strategies for inventory reduction. Further, it emphasizes consistent naming conventions to avoid creating duplicate/redundant items.

Abid, J., Consulting Engineer

Piping represents a significant part of the plant cost, ranging from 15%–25%.1 Materials stored in warehouses or storage facilities cost companies in terms of personnel, materials, time, space, insurance, risk, etc. This article proposes cost-saving strategies for inventory reduction. Further, it emphasizes consistent naming conventions to avoid creating duplicate/redundant items. Piping inventories can be reduced considerably in the following three categories. Small-sized (< 3 in.) flanges, flanged fittings/valves and spiral-wound gaskets Reinforced branch connection/olets (weldolets, threadolets, sockolets) Ring-type joint gaskets. Category 1 has the biggest potential for consi

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